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The World Bank willing to financially support Cemac’s integrative projects, in April 2018

Present in Yaoundé to take part in the work of the Council of Ministers of the Central African Monetary Union (Umac), the president of the Cemac Commission, Daniel Ona Ondo, discussed, Monday, March 26, 2018, with the country Director of World Bank , Elisabeth Huybens.

During this contact, the financing of the integrating projects of the Economic and Monetary Community of Central Africa (CEMAC) and the preparation of the statutory meetings were widely discussed. Speaking of financing that can be granted, Elisabeth Huybens mentioned sectors such as agriculture, trade and energy and transport infrastructure. The strategy of her institution, she insisted, is to provide sustainable support for building further integration of the States of the subregion, both in terms of macroeconomics and financial management.

Turning to the statutory meetings that will take place in Washington, in the United States, next April, Elisabeth Huybens wished that Cemac go there with the files of the priority projects on which the intervention of the World Bank would be useful and immediately implemented, because, she concluded: “We are willing to help you and find funding for the Central African region

In response, the President of the Commission has expressed his satisfaction to have a listening ear to the ambition of the entity he leads. Essentially focused on the realization of integrative projects that he championed, Daniel Ona Ondo reiterated his availability to converge the interests of the community space with those of the World Bank. “Integration needs to materialize with the people. The building of a common market can not be done alone, our partners are of great help in doing so, “he said.

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